GrowLife Spawns Two New Cannabis Companies


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NEW YORK (MainStreet) — Before merging with Stealth Grow, Sterling Scott's GrowLife (PHOT) was known as Phototron Holdings and run by Craig Ellins and Todd Denkin who acted as CEO and president, respectively. The founders went on to launch two separate cannabis companies that have received funding from investors who attended a conference by the Milken Institute in Santa Monica.

PHOT recently endured a trading halt by the SEC that ended April 25.

"There's a chance that regulators will target the cannabis industry, because there may be political pressure to do so or because they want to make examples of people or to slow down the momentum," said Mike Zapolin, who served as the strategic advisor for Ellins and Denkin during their leadership at what is now known as GrowLife.

Also See: GrowLife Bounces Back After SEC Pot Halt

Just last week, Zappy, Ellins and Denkin were speakers on a panel called "The Highs and Lows of the Cannabis Economy" hosted by the Milken Institute Global Conference in the Los Angeles Beverly Hilton.

"We had a panel on cannabis this year, because it is a topic of current interest with real economic and social implications, and the global conference is a place that brings together leaders with wide range of opinions to talk about issues that impact society, government and the economy," said Skip Rimer, executive director of events and communications with the Milken Institute.

Highlights of the panel included discussions on how pot reform is revolutionizing drug delivery.

"The future of all drug delivery lies in vaporizers," Zapolin told MainStreet. "People will be ingesting penicillin from a vaporizer pen because the medicine skips the stomach and goes directly into your blood stream through your lungs. The technology that has emerged as a result of the legalization of marijuana in some states has had amazing beneficial consequences on medicine."

A recent study by the National Organization for the Reform of Marijuana Laws (NORML) and the Multidisciplinary Association for Psychedelic Studies (MAPS) tested vapors from cannabis heated in an herbal vaporizer known as the Volcano and compared them to smoke produced by combusted marijuana. The vapors from the Volcano were found to consist mostly of THC whereas the combusted smoke contained more than 100 other chemicals, including carcinogenic toxins common in tobacco smoke.

"Within the next year or so drug companies will look at these vaporizers as FDA regulations are developed," said Ellins whose company GrowBLOX Sciences (GBLOX) is currently listed OTC.

GrowBLOX Sciences has developed growing technology called controlled environmental agriculture chambers (CEA) so that airborne and water born diseases don't easily travel amidst cannabis crops.

"We isolate reservoirs and plants from cross contamination with a machine that has peristolic pumps in it based on sensors that feed the plant its nutrition and collects the water that the plant doesn't use, which is then converted to fog," Ellins told MainStreet.

Vaporizing is not the same as smoking, according to Denkin, president of Digipath, a laboratory testing and standardization company.

Also See: Medical Marijuana in Canada Set to Boom

"It's a mist or vapor, which doesn't create smoke from fire burning the flower and the paper it's rolled in," Denkin told MainStreet.

A collective nod towards meeting again in the summer ended the panel.

"The game plan is that Goodwin Proctor law firm is setting up a Milken roundtable with industry health leaders," said Zapolin who is in the process of going public with his company Zappy Inc. "We have an opportunity that we've never had to investigate the 70 medicinal properties of this plant and when Mike Milken sits at the table with Proctor we can do hundred years of a work on a plan in one day."

Skip Rimer, executive director of events and communications at the Milken Institute, said there is no chance Mike Milken would attend such a round-table.

--Written by Juliette Fairley for MainStreet

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